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What does the 'take-off stage' signify in an economy?

  1. A
    Steady growth begins
  2. B
    Economy is stagnant
  3. C
    Economy is about to collapse
  4. D
    All controls are removed

Solution & Step-by-step Explanation

In W.W. Rostow's stages of economic growth, the 'take-off stage' is a short period of intensive growth where industrialization begins and the economy transitions from a traditional status to a self-sustaining, steady growth path.

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What does the 'take-off stage' signify in an economy?
A
Steady growth begins
B
Economy is stagnant
C
Economy is about to collapse
D
All controls are removed

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Economic GrowthTheories of DevelopmentRostow Model

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